Business, Management and Accounting
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Islamic finance offers safer alternative to traditional finance in global economy.

SSRN Electronic Journal
Islamic Finance: Panacea for the Global Financial System?
Thaung Han, Charles A. Rarick

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Islamic finance is being considered as a potential solution to the problems in the global financial system. Some believe that Islamic finance, based on sharia law, is safer and less prone to risky transactions that can lead to economic crises. However, while Islamic finance has its benefits, it is not a complete replacement for traditional financial systems.